InvestOrama's video: The Banking Battle 2020: Banks vs Fintechs vs Apps vs Big Tech

An extract from a conversation between Daniel Lanyon, editor in chief of Altfi, the leading trade publication for the alternative finance and fintech community and George Aliferis from Orama. Daniel describes the 2020 battleground in finance and fintech between 4 players. Any of them could still claim the top spot in the near future: 1) legacy bank 2) fintech startups: like Monzo, Revolut 3) Super apps: like Alipay, Wechat 4) Big Tech: Amazon, Apple, Google This could be epic! Subscribe to get all the updates: http://bit.ly/2FQSunJ More episodes in the series: https://www.youtube.com/watch?v=BdaEDe9-1uo&list=PLXTR2SfmGn376VCERWwvNPSAh1ZAXqG6v TRANSCRIPT You sort of had four different players now, very much sort of squaring up to each other, almost like four boxes in a ring, One of them was very much the disruptors, the startups, Monzo, Revolut, et cetera, in the UK, and obviously, around the world, lots of other interesting names chime and 26, et cetera. Then you also had what I call the super app. So WeChat pay and Alipay from, from Asia and, you know, increasingly looking at doing things around the world. Then you have the legacy banks who were perhaps already undergoing significant amounts of changes. Let's just say the top five banks in the UK, and obviously, around the world, you know, many, many more who are already undergoing that sort of that digitalization process, perhaps not as quickly as they should be, but nonetheless you know, doing so and still having enormous scale and, and sort of firepower. Then in the other corner, you have big tech and We were all very familiar Amazon Facebook and those guys increasingly where we're launching things Obviously, we have Libra from Facebook and we have Apple's partnership with Goldman Sachs for credit cards. You almost have this sort of new parity where you have four very different planets who all had it, a viable argument to why they were you know, why they could be the future, at least in part of what financial stuff services look like. And yeah, and I think you know, the net results of that was that, and, you know, this sort of the startups, you know, sort of just began to change a bit and they'd reached that scale where they could seriously be taking on these huge firms LINKS https://www.altfi.com/ https://www.altfi.com/people/daniel-lanyon https://twitter.com/DJLanyon ABOUT This podcast is dedicated to helping the Fintech industry navigate the threats and opportunities of the 20s. Each episode features an interview with an executive or thought leader, discussing topics like marketing, growth, sales, culture, career and more. If you’re looking to overcome your growth challenges and discover new ideas to engage with your prospects and clients or learn best practices from B2B Fintech experts, this show is for you. The Fintech Files is brought to you by Orama, our mission is to connect providers of financial innovation and technology with the firms that will benefit from it. We do so with episodic content, in audio and video format. Get in touch with me: george@orama.tv Http://orama.tv Social Media: http://instagram.com/fintechorama http://twitter.com/fintechorama https://www.quora.com/profile/George-Aliferis https://www.linkedin.com/in/georges-aliferis-60078312/